the ABCs of credit

Your credit is used to qualify you for financing. Applicants with high credit scores and clean reports are in better position to negotiate rate and terms.

Lenders will view two parts of your credit report:

Your Credit History:
lenders will analyze how you met your financial obligations with current and past credit products. They are particularly interested in how many times you have missed payment due dates and credit inquires that have been made on your credit.

Your Credit Score:
lenders will use the credit score to measure your level of risk as based on your credit history. The higher your score, the more likely you will be approved.